Crypto News Philippines
Former Solicitor General of the Philippines, Florin Hilbay, discusses the potential of Bitcoin as a global reserve asset and alternative monetary system, emphasizing the importance of understanding its complexities.
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Bitcoin nears the $30,000 milestone as it reaches its highest value since June, with Ether and crypto stocks also witnessing gains.
Read more Bitcoin breaks the $28,000 barrier for the first time since June 2022, as global markets face turmoil from bank failures and inflation concerns.
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PSA also highlighted that food inflation at the national level slowed down to 11.1% in February 2023 from 11.2% in January 2023.
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The country’s inflation is at its highest ever since 2008 but the BSP is confident the levels will decrease by 2024.
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The Bangko Sentral ng Pilipinas expects inflation rate in the country to continually decrease until it reaches just 2% by 2024.
Read more BSP expects inflation to slowly decrease in the coming months, but warns it will take action to bring inflation back to target levels.
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